Founder of Uniswap Labs and Protocol, Hayden Adams

Hayden Adams is the founder of the Uniswap Protocol and the founder of Uniswap Labs, a decentralised cryptocurrency exchange. It is one of the most extensively utilised Ethereum-based decentralised applications.

Hayden obtained a bachelor’s degree in engineering from Stony Brook University in 2016 and learned to code while living with his parents. Hayden worked at Siemens before joining Uniswap. Karl Floersch, a buddy who worked at Ethereum, reassured Adams that developing smart contracts is a feasible career path. After that, Adams became involved with automated market makers and founded Uniswap. It’s a decentralised finance protocol for exchanging coins and tokens, and it’s based on open-source software that runs on blockchain networks. Unlike centralised bitcoin exchanges, this is not the case with decentralised exchanges.

Uniswap, unlike centralised exchanges, leverages liquidity pools rather than acting as a market maker to produce more efficient markets. Individuals and bots, dubbed “liquidity providers,” add a pair of tokens to a smart contract that can be purchased and sold by other users, providing liquidity to the exchange. Liquidity providers receive a share of the trading fees received for that trading pair in exchange for their services. For each trade, a specific number of tokens are removed from the pool in exchange for a certain number of the other token, causing the price to change. There are no listing costs, allowing a vast number of Ethereum tokens to be accessed, and users are not required to register.

As of now, Uniswap’s Polygon implementation has quickly become the network’s highest-volume DEX protocol. Given the project’s success in 2021, Adams should be able to expand Uniswap’s network and develop new techniques to control liquidity inside the platform.